New Focus Automotive Technology Holdings Limited issued a profit warning and announced that it expects to record a net loss of approximately RMB 15 million to 17 million for the six months ending on June 30, 2024, a significant increase from the net loss of approximately RMB 5.26 million for the same period in 2023. The widened loss is mainly due to a decrease in non-core business income, investment losses, increased administrative expenses, and changes in expected net provisions for credit losses. Despite taking measures to reduce net losses, including streamlining the sales team, optimizing sales channels, and repaying some loans, the trend of widening losses has not been reversed. The company emphasizes that this is a preliminary estimate and that specific financial data will be disclosed in the 2024 mid-year performance announcement and mid-term report. Shareholders and potential investors should proceed with caution.

New Focus Automotive Technology Holdings Limited issued a profit warning and announced that it expects to record a net loss of approximately RMB 15 million to 17 million for the six months ending on June 30, 2024, a significant increase from the net loss of approximately RMB 5.26 million for the same period in 2023. The widened loss is mainly due to a decrease in non-core business income, investment losses, increased administrative expenses, and changes in expected net provisions for credit losses. Despite taking measures to reduce net losses, including streamlining the sales team, optimizing sales channels, and repaying some loans, the trend of widening losses has not been reversed. The company emphasizes that this is a preliminary estimate and that specific financial data will be disclosed in the 2024 mid-year performance announcement and mid-term report. Shareholders and potential investors should proceed with caution.